As the federal government goes into overdrive to dish out money to people and businesses, the Federal Reserve (FR) is buying up that new debt. There is already more than $22 trillion in federal bond debt. The FR is buying $625 billion per week, or $2.5 trillion per month! Some of that is new debt because of all the massive new spending, but the rest is buying other US debt (if they keep up that buying pace). Who Owns the Federal Debt? There are two types of federal debt: marketable securitie...